Ripple and Mastercard Partnership on RLUSD Stablecoin for Card Settlements

Ripple, Mastercard, Gemini, and WebBank announced a collaboration to use RLUSD stablecoin for fiat card transactions. This initiative builds on blockchain advancements, aiming to showcase how stablecoins can enhance financial processes.

The partnership was unveiled at the Ripple Swell 2025 conference. Stakeholders include Ripple President Monica Long and Mastercard’s Sherri Haymond. They see this as enhancing financial services and integrating regulated digital assets into conventional payments.

The immediate impact is seen in settlement speed, as financial institutions can leverage stablecoins for faster transactions. Market analysts expect increased institutional confidence due to the regulatory stance on RLUSD.

Ripple’s recent $500 million funding round and the RLUSD’s $1 billion in circulation underscore the stablecoin’s market acceptance. Regulatory approval is key for this blockchain-fiat integration to reach broader traditional financial systems.

Broader financial and technological sectors observe the move favorably, seeing it as a bridge to mainstream finance. XRP, used on the XRPL, may benefit from increased network activity as part of the settlement process.

Insights suggest RLUSD’s regulatory compliance will boost its adoption across financial networks. Historical stablecoin cases like Circle’s USDC had set the stage, but RLUSD’s integration is seen as a significant blockchain achievement.

“Financial institutions around the world are increasingly recognizing the value of blockchain and stablecoins in modernizing how money moves. This partnership is a meaningful step toward showcasing how regulated digital assets like RLUSD can enhance settlement, paving the way for other card programs to adopt stablecoins for faster, compliant payments. The XRPL will serve as the backbone for these and other institutional use cases that are transforming how financial services operate.” – Monica Long, President, Ripple